Coinbase stock shorts lost $210 million in past 30 days

S3 Partners stated that in the past 30 days, the short seller funds of Coinbase stock have decreased by $210 million, and the short position of Coinbase has accumulated losses of $2.2 billion this year. Since the beginning of this year, Coinbase's stock COIN has risen by 144%, and the current percentage of short positions to outstanding shares is about 13%.